DEPARTMENT OF ECONOMICS

DEPARTMENT OF ECONOMICS Pt. Lalit Mohan Sharma Govt. Post Graduate College

Rishikesh (Dehradun), Uttarakhand.

(An Autonomous College)

(Affiliated to HNB Garhwal University Srinagar,Garhwal)

Syllabus

Based on

(Choice Based Credit System)

For

Undergraduate Courses

BOS held on--------July 2018

BA ECONOMICS under CBCS The undergraduate programme with Economics will be of three years duration encompassing four semesters. Each

academic year will consist of two semesters – one from July to December and the other from January to May. Student

enrolled in BA programme with Economics as one subject will have to pass six semester examinations comprising of 4

Discipline Specific Core (DSC), 2 Skill Enhancement Course(SEC), 2 Discipline Specific Elective (DSE) and 2 Generic

Elective (GE) courses. The course break up for all the Six semester is as follow

BA ECONOMICS w.e.f. July 2018

Semester Paper code

Name of the Course Credits

Lecture Tutorial Total

FIRST

SEMESTER DSC-111 PRINCIPLES OF MICRO ECONOMICS–I 5 1

6

SECOND

SEMESTER DSC-121 PRINCIPLES OF MICRO ECONOMICS-II 5 1

6

THIRD

SEMESTER

DSC-131 PRINCIPLES OF MACRO ECONOMICS-I 5 1

6

SEC*-131 FINANCIAL ECONOMICS

4

FOURTH

SEMESTER

DSC-141 PRINCIPLES OF MACRO ECONOMICS-II 5 1

6

SEC*-141 FINANCIAL ECONOMICS

4

FIFTH

SEMESTER

DSE-151

ANY ONE OF THE FOLLOWING:

DSE-1: ECONOMIC DEVELOPMENT AND POLICY

IN INDIA-I

DSE-2: MONEY AND BANKING

5 1 6

SEC*-151 DATA ANALYSIS

4

GEN--151 Generic Elective course MICRO ECONOMIC

ANALYSIS-I 5 1

6

SIXTH

SEMESTER DSE-161

ANY ONE OF THE FOLLOWING:

DSE-3: ECONOMIC DEVELOPMENT AND

POLICY IN INDIA-II

DSE-4: ECONOMIC HISTORY OF

INDIA 1857-1947

5 1

6

SEC*-161 DATA ANALYSIS

4

GEN-161 Generic Elective course MICRO ECONOMIC

ANALYSIS- II 5 1

6

*Note: Student has to select the following two skill enhancement course (SEC), one in each alternative semester i.e either in 3rd and 5th semester or in 4th and 6th

semester.

List of Skill Enhancement course:

SEC-1 Financial Economics

SEC-2 Data Analysis DSC: Discipline specific Core

DSE: Discipline specific Elective

SEC: Skill Enhancement Course GEN Generic Elective Course

PATTERN OF THEORY EXAMINATION

All the courses in each semester will have two bases for evaluation of students.

Firstly, End –Term theory examination, which will be of 70 marks, secondly,

Internal Assessment of 30 Marks .

End-Term Examination

The examination will be conducted at the end of every

semester and will carry 70, marks. The question paper shall consist of three section

‘A’ , ‘B’ & ‘C’.. Section ‘A’ is compulsory comprising 10 (Ten) objective type

questions spread comprehensively over the whole syllabus. The candidates are

required to attempt all questions. Each question shall be of One mark (10 x 1 Mark

= 10).

Section ‘B’ will be of short answer type questions (4x 5 Marks =20)

Section ‘C’ will be of long answer type question (4x10 Marks = 40).

.

Internal Sessional Assessment

Internal sessional assessment will be of 30 (Thirty Marks) conducted by the

department The internal evaluation will be based on written test, Project work and

class room attendance.

Pt. L.M.S. Govt. P.G.College, Rishikesh (Autonomous College)

NAME OF DEPTT : ECONOMICS

BA SEMESTER : I Paper code : EC-DSC-111

Course Title: Principles of Microeconomics–I Credit : 06 Examination Duration : 3 Hours - Maximum Marks: 70

Note:This question Paper consist of three sections, A, B & C. Section A will consist of 10 objective

questions (all compulsory), each of marks 01 . Section B will consist of 06 short answered questions

,in which 04 to be answered, each of marks 05. Section C will consist of 07 long answered questions

,in which 04 to be answered, each of marks 10.

Course Description This course intends to expose the student to the basic principles in Microeconomic Theory and illustrate with

applications. Course Outline 1. Introduction a.Problem of scarcity and choice: scarcity, choice and opportunity cost; production possibility frontier;

economic systems. b.Demand and supply: law of demand, determinants of demand, shifts of demand versus movements along a

demand curve, market demand, law of supply, determinants of supply, shifts of supply versus movements

along a supply curve, market supply, market equilibrium. c. Applications of demand and supply: price rationing, price floors, consumer surplus, producer surplus. d.Elasticity: price elasticity of demand, calculating elasticity, determinants of price elasticity, other

elasticities. 2. Consumer Theory Budget constraint, concept of utility, diminishing marginal utility, Diamond-water paradox, income and

substitution effects; consumer choice: indifference curves, derivation of demand curve from indifference

curve and budget constraint. 3. Production and Costs a. Production: behaviour of profit maximising firms, production process, production functions, law of variable proportions, choice of technology, isoquant and isocost lines,

cost minimizing equilibrium condition. b. Costs: costs in the short run, costs in the long run, revenue and profit maximizations, minimizing losses, short run industry supply curve, economies and diseconomies of scale,

long run adjustments. 4. Perfect Competition a.Assumptions: theory of a firm under perfect competition, demand and revenue; equilibrium of the firm in the short run and long run; long run industry supply curve: increasing, decreasing and constant cost industries. b.Welfare: allocative efficiency under perfect competition.

Readings: 1. Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc., 8th edition, 2007. 2. Mankiw Gregory N (1968) : Principles of Economics; 3rd Edition, Thomson; 3rd Indian Reprint (2007)

3. Boumol, William J and Blinder Alan S (2007): Microeconomics; Principles and Policy

9th Edition, Thomson, 1st Indian Edition (2007)

4. Salvatore Dominick (2003) : Microeconomics: Theory and Applications; 4th Edition, Oxford University Press.

5. Pindyck, Robert. S; Rubenfield, Daniel M and Mehta Prem. L; New Delhi. First Indian Reprint (2005).: Micro

Economics, Prentice Hall of India,



BA SEMESTER : II Paper code: EC-DSC-121

Course Title: Principles of Microeconomics-II Credit : 06

Examination Duration : 3 Hours - Maximum Marks: 70





Course Description This is a sequel to Principles of Microeconomics–I covered in the first semester. The objective of the course is

the same as in Principles of Microeconomics I. Course Outline

1. Market Structures

a. Theory of a Monopoly Firm Concept of imperfect competition; short run and long run price and output decisions of a monopoly

firm; concept of a supply curve under monopoly; comparison of perfect competition and monopoly,

social cost of monopoly, price discrimination; remedies for monopoly: b. Imperfect Competition

Monopolistic competition: Assumptions, SR & LR price and output determinations under

monopolistic competition, economic efficiency and resource allocation; oligopoly: assumptions,

oligopoly models, game theory, contestable markets .

2. Consumer and Producer Theory a. Consumer and Producer Theory in Action

Externalities, marginal cost pricing, internalising externalities, public goods; imperfect information: social choice, government inefficiency. b. Markets and Market Failure Market adjustment to changes in demand, efficiency of perfect competition; sources of market

failure: imperfect markets, public goods, externalities, imperfect information; evaluating the market

mechanism. 3. Income Distribution and Factor pricing Input markets: demand for inputs; labour markets, land markets, profit maximisation condition in input markets, input demand curves, distribution

of Income. 4. International Trade

Absolute advantage, comparative advantage, terms of trade, sources of comparative advantage, trade barriers, free trade/ protectionism.

Readings: 1. Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc., 8th edition, 2007.

2. Mankiw Gregory N (1968) : Principles of Economics; 3rd Edition, Thomson; 3rd Indian Reprint (2007)

3. Boumol, William J and Blinder Alan S (2007): Microeconomics; Principles and Policy

9th Edition, Thomson, 1st Indian Edition (2007)

4. Salvatore Dominick (2003) : Microeconomics: Theory and Applications; 4th Edition, Oxford University Press.

6. Pindyck, Robert. S; Rubenfield, Daniel M and Mehta Prem. L; New Delhi. First Indian Reprint (2005).: Micro

Economics, Prentice Hall of India,



BA SEMESTER : III Paper code: EC-DSC-131

Course Title: Principles of Macroeconomics–I Credit : 06






Course Description This course introduces students to the basic concepts in Macroeconomics. Macroeconomics deals with the

aggregate economy. In this course the students are introduced to the definition, measurement of the

macroeconomic variables like GDP, consumption, savings, investment and balance of payments. The course

also discusses various theories of determining GDP in the short run.

Course Outline 1. Introduction a. What is macroeconomics? Macroeconomic issues in an economy;

b. National Income Accounting:Various concepts of National Income; measurement of national income and

related aggregates; nominal and real income; importance of National Income studies, limitations of the GDP

concept. 2. Determination of GDP Keynes’ views on employment & output; aggregate expenditure; consumption function; investment function;

equilibrium GDP; concepts of MPS, APS, MPC, APC; autonomous expenditure; Concept of multiplier,

working of multiplier, Leakages. 3. National Income Determination in an Open Economy with Government Fiscal Policy:- Meaning & objectives, Fiscal policy in a developing country ,effectiveness & limitations of

fiscal policy Impact of changes in government expenditure and taxes; net exports function; net exports and

equilibrium national income. 4. Money in a Modern Economy Concept of money in a modern economy; monetary aggregates; demand for money; quantity theory of money;

liquidity preference and rate of interest; money supply- approaches to the definition of money supply:

traditional, monetarist approach, Gurley& Shaw approach, determinants of money supply; monetary policy-

meaning & objectives, monetary policy in developing countries.

Readings: 1. Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc., 8th edition, 2007.

2. Sikdar, Shoumyen, Principles of Macroeconomics, 2nd Edition, Oxford University Press, India

3. Samuelson, Paul A and Nordhaus, William D (2006): Economics, 18th Edition, Tata McGraw Hill Publishing

Company Limited, New Delhi

4. Sloman, John(2004): ‘Economics’, 3rd Edition, Prentice Hall of India,

5. Diulio, Eugene A. (1974) : Macro Economic Theory, 2nd Edition, McGraw -Hills (Schaum Series)

6. Salvatore, Dominick (2003): Micro Economics (Theory and Applications), 4th Edition, Oxford. (Schaum Series)



Skill Enhancement Course

BA SEMESTER : III

Course Title: FINANCIAL ECONOMICS Paper code: EC-SEC-131

Credit : 04 Examination Duration :3 Hours - Maximum Marks: 70





Course Description This course introduces students to the economics of finance. The course does not require any prior knowledge

of economics. This course should be accessible to anyone with an exposure to elementary mathematics. The

course is designed to impart the essential aspects of financial asset valuation. The students will be introduced

to numerical techniques in finance using spreadsheet programmes such as Microsoft Excel. The course will

impart skills that will be useful in a variety of business settings including investment banks, asset management

companies and in the field of financial and business journalism.

Course Outline

1. Functioning of Financial system : Role of Financial System. Nature and the structure of financial

system, Indicators of Financial development. Financial System and Eco-Development. Bond Market,

Equity market & Futures in equities & commodity.

2. Theories of interest : Classical , Neo- classical , Keynesian and modern theory. Level of Interest rate-

Long period and short period. Monetary policy - Objective of the Monetary policy in developed and

developing countries , Instruments of Monetary Policy.

3. Investment - Objectives of Investment. Classification, Mode of Investment , Features of an Ideal

Investment Program. Portfolio Analysis- Traditional vs Modern Portfolio Analysis , Return on

Portfolio.

4.Financial Market- Role & Structure , Money Market and Capital Market - their instruments such as

Treasury Bills, Commercial Bills , Government Securities. Primary and Secondary Securities

markets, Important Institution- SEBI, IRDA, FDI etc.

Readings , 1. David G. Luenberger, Investment Science, Oxford University Press, USA, 1997. 2. Richard A. Brealey and Stewart C. Myers, Principles of Corporate Finance, McGraw- Hill, 7th edition, 2002. 3. Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2003. 4. Simon Benninga, Financial Modeling, MIT Press, USA, 1997. 5.UGC / NFLIBNET /NLIST.



BA SEMESTER : IV Paper code : EC-DSC-141

Course Title: Principles of Macroeconomics–II Credit : 06






Course Description This is a sequel to Principles of Macroeconomics–I. It analyses various theories of determination of National

Income in greater detail. It also introduces students to concept of inflation, its relationship with unemployment

and some basic concepts in an open economy.

Course Outline

1. IS-LM Analysis New classical & Keynesian view on interest ,Derivations of the IS and LM functions; IS-LM and aggregate

demand; shifts in the AD curve.

2. GDP and Price Level in Short Run and Long Run Aggregate demand and aggregate supply; multiplier Analysis with AD curve and changes in price levels;

aggregate supply in the SR and LR.

3. Inflation and Unemployment Concept of inflation demand pull & cost push inflation ,determinants of inflation; relationship between

inflation and unemployment: Phillips Curve .

4. Balance of Payments and Exchange Rate Balance of payments: current account and capital account; ; determination of exchange rate.

Readings: 1. Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc., 8th

edition, 2007.

2. Sikdar, Shoumyen, Principles of Macroeconomics, 2nd Edition, Oxford University

Press, India

3. Samuelson, Paul A and Nordhaus, William D (2006): Economics, 18th Edition, Tata McGraw Hill

Publishing Company Limited, New Delhi

4. Sloman, John(2004): ‘Economics’, 3rd Edition, Prentice Hall of India,

5. Diulio, Eugene A. (1974) : Macro Economic Theory, 2nd Edition, McGraw -Hills (Schaum Series)

6. Salvatore, Dominick (2003): Micro Economics (Theory and Applications), 4th Edition, Oxford. (Schaum

Series)




BA SEMESTER : IV Paper code: EC-SEC-141

Course Title: FINANCIAL ECONOMICS Credit : 04 Examination Duration : 3 Hours - Maximum Marks: 70





Course Description This course introduces students to the economics of finance. The course does not require any prior knowledge

of economics. This course should be accessible to anyone with an exposure to elementary mathematics. The

course is designed to impart the essential aspects of financial asset valuation. The students will be introduced

to numerical techniques in finance using spreadsheet programmes such as Microsoft Excel. The course will

impart skills that will be useful in a variety of business settings including investment banks, asset management

companies and in the field of financial and business journalism.

Course Outline

1. Functioning of Financial system : Role of Financial System. Nature and the structure of financial

system, Indicators of Financial development. Financial System and Eco-Development. Bond Market,

Equity market & Futures in equities & commodity.

2. Theories of interest : Classical , Neo- classical , Keynesian and modern theory. Level of Interest rate-

Long period and short period. Monetary policy - Objective of the Monetary policy in developed and

developing countries , Instruments of Monetary Policy.

3. Investment - Objectives of Investment. Classification, Mode of Investment , Features of an Ideal

Investment Program. Portfolio Analysis- Traditional vs Modern Portfolio Analysis , Return on

Portfolio.

4.Financial Market- Role & Structure , Money Market and Capital Market - their instruments such as

Treasury Bills, Commercial Bills , Government Securities. Primary and Secondary Securities

markets, Important Institution- SEBI, IRDA, FDI etc.

Readings , 1. David G. Luenberger, Investment Science, Oxford University Press, USA, 1997. 2. Richard A. Brealey and Stewart C. Myers, Principles of Corporate Finance, McGraw- Hill, 7th edition, 2002. 3. Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2003. 4. Simon Benninga, Financial Modeling, MIT Press, USA, 1997.



Discipline Specific Electives

One of the following:

BA SEMESTER : V Paper code: EC-DSE-151

Course Title: Economic Development and Policy in India–I Credit : 06 Examination Duration : 3 Hours - Maximum Marks: 70





Course Description This course reviews major trends in aggregate economic indicators in India and places these against

the backdrop of major policy debates in India in the post- Independence period.

Course Outline

1. Issues in Growth, Development and Sustainability; Factors in Development: Capital formation

(Physical and Human); technology; institutions.

2. Population and Economic Development Demographic trends; urbanisation. 3. Employment Occupational structure in the organised and the unorganised sectors; open-, under- and disguised

unemployment (rural and urban); employment schemes and their impact.

4. Indian Development Experience Critical evaluation of growth, inequality, poverty and competitiveness, pre and post reforms era;; mobilisation of internal and external finance; monetary and fiscal policies; centre-state financial relations.

Readings: 1. Michael P Todaro and Stephen Smith. Economic Development, Pearson, 11th edition (2011) 2. Uma Kapila, Indian Economy since Independence, Academic Foundation, 19th edition (2009). 3. United Nations Development Programme, Human Development Report (latest) 4. Government of India, Economic Survey (latest) 5. Government of India, Five Year Plan (latest) 6. Government of India, Finance Commission Report (latest)

OR Pt. L.M.S. Govt. P.G.College, Rishikesh (Autonomous College)


BA SEMESTER : V Paper code: EC-DSE-151

Course Title: Money and Banking: Credit : 06 Examination Duration : 3 Hours - Maximum Marks: 70





Course Description This course exposes students to the theory and functioning of the monetary and financial sectors of the

economy. It highlights the organization, structure and role of financial markets and institutions. It also

discusses interest rates, monetary management and instruments of monetary control. Financial and banking

sector reforms and monetary policy with special reference to India are also covered.

Course Outline 1. Money Concept, functions, measurement; theories of money supply determination.

2. Financial Institutions, Markets, Instruments and Financial Innovations a. Role of financial markets and institutions; problem of asymmetric information – adverse selection and

moral hazard; financial crises. b. Money and capital markets: organization, structure and reforms in India; role of financial derivatives and

other innovations.

3. Interest Rates Determination; sources of interest rate differentials; theories of term structure of interest rates; interest

rates in India.

4. Banking System: a. Balance sheet and portfolio management. b. Indian banking system: Changing role and structure;

banking sector reforms. Central Banking and Monetary Policy: Functions, balance sheet; goals, targets, indicators and instruments of monetary control; monetary

management in an open economy; current monetary policy of India.

Readings 1. F. S. Mishkin and S. G. Eakins, Financial Markets and Institutions, Pearson Education, 6th edition, 2009. 2. F. J. Fabozzi, F. Modigliani, F. J. Jones, M. G. Ferri, Foundations of Financial Markets and Institutions,

Pearson Education, 3rd edition, 2009. 3. L. M. Bhole and J. Mahukud, Financial Institutions and Markets, Tata McGraw Hill, 5th edition, 2011. 4. M. Y. Khan, Indian Financial System, Tata McGraw Hill, 7th edition, 2011. 5. Various latest issues of R.B.I. Bulletins, Annual Reports, Reports on Currency and Finance and Reports of the Working Group, IMF Staff Papers.




BA SEMESTER : V

Course Title: DATA ANALYSIS Paper code: EC-SEC-151






Course Description: This course introduces the student to collection and presentation of data. It also discusses how data can be

summarized and analysed for drawing statistical inferences. The students will be introduced to important data

sources that are available and will also be trained in the use of free statistical software to analyse data.

Course Outline 1: Sources of data. Population census versus sample surveys. Random sampling. Univariate frequency

distributions. Measures of central tendency: mean, median and mode; arithmetic, geometric and

harmonic mean.

2: Measures of dispersion-Range,Quartile Deviation, Mean Deviation, standard Deviation, coefficient of

Variation and Skewness. Correlation-Meaning,Types & degree of Correlation. , Karl Pearson’S

Coefficient of Correlation, Spearman’s Rank Difference Method.

3: (a) Regression Analysis: Meaning, Utility, Regression Equations, Regression Coefficient.

(b) Probability theory; Basic Concepts, Addition Theorem and Multiplication Theorem.

4: Basics of Index numbers: Meaning & Importance, simple and Weighting Index Numbers-Laspeyre,

Paasche and Fisher .

Time Series- Meaning & Importance, components and Measurement of Secular Trend.

Readings: 1.. P.H. Karmel and M. Polasek (1978), Applied Statistics for Economists, 4th edition, Pitman.

2. M.R. Spiegel (2003), Theory and Problems of Probability and Statistics (Schaum Series).

2. Chiang, Alpha C (1984) : Fundamental Methods of Mathematical Economics(3rd Ed.)

4. Weber, Jean E (1982) : Mathematical Analysis: Business and Economic Applications (4th Ed 5. Yamane, Taro (1972) : Mathematics for Economists

6 UGC/ INFLIBNET/NLIST



Generic Elective Course

BA SEMESTER : V Paper code: EC-GEN-151

Course Title: Micro Economic Analysis-I Credit : 06 Examination Duration : 3 Hours - Maximum Marks: 70





Course Outline :

1.Introduction

a. Nature & scope of Economics.

b. Micro & Macro Economics.

c. Micro Economics- Meaning, Scope, Importance & limitations.

d. Economic Systems: capitalism , socialism,mixed economy.

2. Demand & Supply:

a Meaning of Demand & the law of Demand,determinants of Demand,

b The Law of supply and Supply Function, determinants of Supply.

c Elasticity -Meaning and definitions of Elasticity of demand, kinds of elasticity of demand,

3. Theory of Consumer Behaviour

a. Concept of Utility ,Cardinal and Ordinal approach,Diminishing Marginal utility, Consumer

Surplus

b. Indifference Curves- Meaning & properties of Indifference Curve

4.Theory of Production:

a. Concept of Production function , Law of Variable Proportion .

b. Costs and Revenue- Meaning, concepts and kinds:

5. Market :

a. Meaning, definition , features and types.

b. perfect competition.,Meaning and Characteristics .

Readings:-

1. Ahuja, H.L., Microeconomic theory , S Chand & Company N. Delhi.

2. Case, Karl E. & Ray C-Fair, Principal of Economics , Pearson Education Inc., 8th edition,2007.

3. Henderson.J. and R.Quandt, Microeconomics, McGraw Hill, New Delhi




One of the following:

BA SEMESTER : VI Paper code: EC-DSE-161

Course Title: Economic Development and Policy in India–II Credit : 06 Examination Duration : 3 Hours - Maximum Marks: 70





Course Description

Building on the more aggregative analysis of trends in the Indian Economy offered in Economic

Development and Policy–I, this course examines sector-specific trends in key indicators and their

implications in the post-Independence period.

Course Outline

1. Agriculture: Policies and Performance Production and productivity; credit; labour; markets and pricing; land reforms; regional variations.

2. Industry: Policies and Performance Production trends; small scale industries; public sector; foreign investment.

3.Services Sector: Policies and performance.

4. Foreign Trade: Trends and Policies Balance of trade and balance of payments; India and the World Trade Organisation.

Readings: 1. Uma Kapila, Indian Economy since Independence, Academic Foundation, 19th edition (2009). 2. Government of India, Economic Survey (latest) 3. Government of India, Five Year Plan (latest)

OR




BA SEMESTER : VI

Course Title: Economic History of India 1857-1947 Paper code: EC-DSE-161

Credit : 06

Examination Duration :3 Hours - Maximum Marks: 70

Note:This question Paper consist of three sections, A, B & C. Section A will consist of 10

objective questions (all compulsory), each of marks 01 . Section B will consist of 06 short

answered questions ,in which 04 to be answered, each of marks 05. Section C will consist of

07 long answered questions ,in which 04 to be answered, each of marks 10.

Course Description This course analyses key aspects of Indian economic development during the second half of British

colonial rule. In doing so, it investigates the place of the Indian economy in the wider colonial context,

and the mechanisms that linked economic development in India to the compulsions of colonial rule.

This course links directly to the course on India‘s economic development after independence in 1947.

Course Outline

1. Introduction:

Colonial India: Background and Introduction, Overview of colonial economy.

Economy and State in the Imperial Context: The imperial priorities and the Indian economy; drain of

wealth; international trade, capital flows and the colonial economy – changes and continuities;

government and fiscal policy.

2. Macro Trends National Income; population; occupational structure.

3. Agriculture Agrarian structure and land relations; agricultural markets and institutions – credit, commerce and t

echnology; trends in performance and productivity; famines.

4. Railways and Industry Railways; the de-industrialisation debate; evolution of entrepreneurial and industrial structure; nature

of industrialisation in the interwar period; constraints to industrial breakthrough; labor relations. Readings: 1. Lakshmi Subramanian, “History of India 1707-1857”, Orient Blackswan, 2010, Chapter 4.

2. Sumit Guha, 1991, ̳Mortality decline in early 20th century India‘, Indian Economic and Social History Review (IESHR), pp 371-74

and 385-87.

3. Tirthankar Roy, The Economic History of India 1857-1947, Oxford University Press, 3rd edition, 2011.

4. J. Krishnamurty, Occupational Structure, Dharma Kumar (editor), The Cambridge

Economic History of India, Vol. II, (henceforth referred to as CEHI), 2005, Chapter 6.

5. Irfan Habib, Indian Economy 1858-1914, A People‘s History of India, Vol.28, Tulika, 2006.

6. Ira Klein, 1984, ―When Rains Fail: Famine relief and mortality in British Indiaǁ , IESHR 21.

7. Jean Dreze, Famine Prevention in India in Dreze and Sen (eds.) Political Economy of Hunger, WIDER Studies in Development

Economics, 1990, pp.13- 35.

8. John Hurd, Railways, CEHI, Chapter 8, pp.737-761.

9. Rajat Ray (ed.), Entrepreneurship and Industry in India, 1994.

10. AK Bagchi, ―Deindustrialization in India in the nineteenth century: Some theoretical implicationsǁ, Journal of Development Studies,

1976.

11. MD Morris, Emergence of an Industrial Labour Force in India, OUP 1965, Chapter 11, Summary and Conclusions

.12. K.N. Chaudhuri, Foreign Trade and Balance of Payments, CEHI, Chapter 10.

13. B.R. Tomlison, 1975, India and the British Empire 1880-1935, IESHR, Vol.XII.

14. Dharma Kumar, The Fiscal System, CEHI, Chapter 12.

15. Basudev Chatterjee, Trade, Tariffs and Empire, OUP 1992, Epilogue. Background reading for students:




BA SEMESTER : VI

Course Title: DATA ANALYSIS Paper code: EC-SEC-161

Credit : 04

Examination Duration :3 Hours - Maximum Marks: 70





Course Description: This course introduces the student to collection and presentation of data. It also discusses how data can be

summarized and analysed for drawing statistical inferences. The students will be introduced to important data

sources that are available and will also be trained in the use of free statistical software to analyse data.

Course Outline 1: Sources of data. Population census versus sample surveys. Random sampling. Univariate frequency

distributions. Measures of central tendency: mean, median and mode; arithmetic, geometric and

harmonic mean.

2: Measures of dispersion-Range,Quartile Deviation, Mean Deviation, standard Deviation, coefficient of

Variation and Skewness. Correlation-Meaning,Types & degree of Correlation. , Karl Pearson’S

Coefficient of Correlation, Spearman’s Rank Difference Method.

3: (a) Regression Analysis: Meaning, Utility, Regression Equations, Regression Coefficient.

(b) Probability theory; Basic Concepts, Addition Theorem and Multiplication Theorem.

4: Basics of Index numbers: Meaning & Importance, simple and Weighting Index Numbers-Laspeyre,

Paasche and Fisher .

Time Series- Meaning & Importance, components and Measurement of Secular Trend.

Readings:

1. P.H. Karmel and M. Polasek (1978), Applied Statistics for Economists, 4th edition, Pitman.

2. M.R. Spiegel (2003), Theory and Problems of Probability and Statistics (Schaum Series).

3.Chiang, Alpha C (1984) : Fundamental Methods of Mathematical Economics(3rd Ed.)

4.Weber, Jean E (1982) : Mathematical Analysis: Business and Economic Applications (4th Ed.)

5.Yamane, Taro (1972) : Mathematics for Economists

6. UGC/ INFLIBNET/NLIST



Generic Elective Course

BA SEMESTER : VI

Course Title: Micro Economic Analysis-II Paper code: EC-GEN-161






Course Outline :

1. Market Structures:

a Theory of a Monopoly Firm: Concept of imperfect competition . Monopoly: Definition and

characteristics, Price determination ,Remedies for Monopoly.

b. Imperfect Competition : Monopolistic competition - Definition and characteristics,Price

determination under monopolistic competition. Oligopoly : Meaning and Characteristics.

2. Consumer And Producer Theory :

Externalities , Public Goods, Imperfect information, Social Choice, Government inefficiency.

3.Theory Of Factor Pricing:

a. Marginal Productivity, Theory of distribution, Theories of Wages -The Marginal theory of wages,

demand and supply theory of Wages.

b. Theories of Rent : The Recardian theory of Rent, Modern theory of Rent. Theories of Interest

- Classical, Neo classical and Keynesian theories . Theories of Profit- Innovation, Risk &

uncertainty theories.

4. International Trade :

a . Meaning and Significance.

b. Free Trade vs. Protectionism.

Readings :-

1. Ahuja , H.L., Microeconomic Theory. S.Chand & Company, N.Delhi.

2. Seth. M.L., Principles of Economics, Laxmi Narayan Agarwal, Agra.

3. Case, Karl E. & Ray C. Fair, Principles of Economics, Pearson Education, Inc., 8th edition, 2007. 4. .Mankiw Gregory N (1968) : Principles of Economics; 3rd Edition, Thomson; 3rd Indian Reprint (2007)

DEPARTMENT OF ECONOMICS

Documents